UK economy could suffer deepest annual contraction in more than three centuries due to covid-19, warns Bank of England
The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction in more than three centuries as a result of the coronavirus pandemic, before bouncing back next year
Asian stocks extend gains after Chinese trade data better than expected, some countries partly lift restrictions
Chinese shares strengthened on Tuesday with the blue-chip index up 0.9 percent.
Asia shares seen higher, but economic woes may cap gains; all eyes on China's trade data to be released today
All eyes will be on China’s trade data, to be released on Tuesday, which is expected to show exports tumbling 14 percent in March from a year ago,
'Time is a luxury we don't have': With 40 days left for Brexit, KPMG says UK businesses testing their 'airbags'
KPMG said it sees the probability of the United Kingdom leaving with a Brexit deal of some kind at around 55 percent; the chances of a no-deal Brexit at around 30 percent; and the chances of no Brexit at 15 percent.
A lot of the debate about Brexit was centred around Prime Minister David Cameron, who announced his decision to quit his post following the referendum.
Seeking to calm turbulent markets post Brexit, Finance Minister George Osborne on Monday said the UK's economy is in a strong position to confront the new challenges but it would have to "adjust to the new situation".
By voting to leave the EU in the Brexit vote, the elderly have inadvertently snatched from British youth the opportunities that they had themselves availed.
Brexit backers moved into a lead in the polls for the first time in weeks, raising pressure on Prime Minister David Cameron ahead of Britain's EU referendum
The camp favouring Britain's exit from the EU appears to have secured a slight edge as a new opinion poll on Sunday showed a three-point lead for Brexit.
Smokers miss an average of two or three more days of work each year than non-smokers, with this absenteeism costing the UK alone 1.4 billion pounds.